The Road
To Rescue
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The Road to Rescue
TermStreet has developed a capital program utilizing C-PACE loans priced below 6.0% to support hotel properties challenged by the Pandemic Environment. The Proprietary Program has been utilized across the country by banks and borrowers looking for low cost supportive capital to get through the pandemic to a brighter day. At TermStreet, we know that tomorrow will certainly see better occupancy and room rates than today, we just need to figure out how we can all get there together.
Here are the results of a typical
TermStreet Rescue Capital Loan
12-18 month debt service reserve created and held by bank
Principal Paydown of 10-20% of loan balance
Overall LTV slightly reduced
Take the first step towards TermStreet’s Rescue Capital Program.
Superior to preferred equity, mezz debt, or that ground lease you are considering, TermStreet’s Rescue Capital Program is the best way to recapitalize struggling CRE deals right now.
What’s the catch?
| Eligible States | Limit on time passed from CofO |
| California | 3 years |
| Connecticut | 1 years |
| Washington, DC | case by case |
| Florida | 3 years |
| Kentucky | No Limit |
| Illinois | 3 years |
| Maryland (PG County Only) | 18 months |
| Michigan | 3 years |
| Missouri (Not St. Louis) | 30 months |
| Minnesota | 1 year |
| Ohio | 1 year |
| Pennsylvania | back to August 2018 |
| Rhode Island | 2 years |
| Texas | case by case |
| Wisconsin | 30 months |
| New York | case by case |
Blog Posts
Follow the path to supportive capital through a series of blog posts created to help banks and borrowers better understand C-PACE and our proprietary Rescue Capital Program
Reach Out Now!
We put a lot of effort into creating the Rescue Capital Program. Kindly provide your email address for access to our Knowledge Center Blogs. You will continue to receive exceptional content and updates as available.
